So you're an auto worker?  Whether you’re a long-time union member or a new hire coming in at a lower wage scale, it's almost certain that the automotive unions will play a large role in negotiating and administering your pension plan. And no one has to tell you that pension benefits up and down the line may be in trouble. Pension outcomes affect you and your family. What you need now, to plan and protect yourself, is practical information about your benefits -- what’s happening in the ongoing restructurings and, most important, how it all is going to impact your financial future.

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Some 19,000 hourly workers at General Motors accepted buyouts or early retirement and agreed to leave its payroll before July.  The automaker is expected to replace thousands of them with lower-paid workers. 

GM executives were expected to announce plans to continue cutting costs at their annual shareholders meeting in June.  Among the changes being discussed include reassigning workers currently on truck assembly lines to increased shifts in plants producing cars.  Under GM’s deal struck last year the UAW, it cannot permanently close plants, but it can idle them, halting production but continuing to pay workers a large share of wages and benefits.

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“GM’s inventories of large trucks have grown to worrying levels, and we expect GM to plan large production cuts over the remainder of the year,”

-- Brian Johnson, Lehman Brothers auto analyst, May 30, 2008

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1. How are auto pensions structured?
2. Is your pension up to specs?
3. Does your pension have enough gas?
4. Where do I go to find out about my pension?
5. Contact info for auto companies